New York County · New York
New York City, NY property tax
The median annual bill, the effective rate behind it, and what that rate costs at any home value — from Census ACS estimates, not an assessor's marketing page.
Quick answer
The median homeowner in New York City, NY pays $6,358 a year in real estate taxes, an effective rate of 0.85% of the $751,700 median home value. That is 13% below the national effective rate of 0.98%.
- Effective rate
- 0.85%US average 0.98%
- Median annual bill
- $6,358#10 of 94 metros
- Per month
- $530Median bill divided by 12
- Median home value
- $751,700US $303,400
Property tax calculator
Enter a home value to estimate the annual bill and the monthly escrow at New York City, NY's effective rate. Adjust the exemption or the rate if your parcel differs.
- Taxable value
- $751,700
- Annual tax
- $6,389
- Per month
- $532
Estimate only. Assessment ratios, homestead caps and special districts can move a real bill either way.
What property tax costs at each home value
Applying New York City's 0.85% effective rate to common home values.
| Home value | Annual tax | Per month |
|---|---|---|
| $200,000 | $1,700 | $142 |
| $350,000 | $2,975 | $248 |
| $500,000 | $4,250 | $354 |
| $750,000 | $6,375 | $531 |
| $1,000,000 | $8,500 | $708 |
Estimates only. Assessment ratios, homestead and senior exemptions, special assessment districts and recent reassessments all move a real bill away from the metro-wide median. Confirm with the county assessor before budgeting.
Related data for New York City
The other numbers that decide what living here costs.
Tables B25103 and B25077, 2019-2023 ACS 5-year. Effective rate is median taxes paid divided by median home value, computed by us and documented on the methodology page.
More New York City data
Other New York City datasets on this site.
- New York City population and income
- New York City sales tax rate
- New York City cost of living
- New York City home values and rent
- New York City crime rates
- New York City public schools
- New York City weather normals
- New York City commute times
- New York City jobs and wages
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